Solar Power Can Produce Most Of Our Electricity & Half Of All Our Energy By 2060: IEA
Another projection on how much of our power could be produced by renewable energy: A new International Energy Agency assessment of solar power shows that photovoltaics and solar thermal power could provide "most" of the world's electricity and half of all our energy needs by 2060.
The solar findings, set to be published in a report later this year, go beyond the IEA's previous forecast, which envisaged the two technologies meeting about 21 percent of the world's power needs in 2050. The scenario suggests investors able to pick the industry's winners may reap significant returns as the global economy shifts away from fossil fuels. (Bloomberg)
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